By Kathleen S. Ellis The stars are aligning for a growing demand for political risk insurance. Changes in the landscape have created fresh opportunities for producers to increase retention and grow their customer base by offering political risk insurance protection …
After the terrorist attacks of Sept. 11, 2001, the market for commercial property and liability insurance in large urban areas was in turmoil, as reinsurance for terrorism became expensive and scarce. Congress responded in 2002 with a federal backstop — …
After the terrorist attacks of Sept. 11, 2001, the market for commercial property and liability insurance in large urban areas was in turmoil, as reinsurance for terrorism became expensive and scarce. Congress responded in 2002 with a federal backstop — …
Declarations Always room for improvement “Oklahoma’s workers’ compensation market is still too expensive for many businesses and fails to provide proper treatment to injured workers.” — Oklahoma Rep. Mark McCullough, R-Sapulpa, maintains that despite recent reforms in the state’s workers’ …
Customers who took their vehicles to a Fox Collision Center in Oklahoma were encouraged on Oct. 30 to contact their insurance agent or claims adjuster after the company closed its stores across the region. The owner of Fox Collision Centers …
Citing the threat of a “shadowy, underground economy,” California Attorney General Edmund G. Brown Jr. sued the Brinas Corp., a Los Angeles drywall contractor that unlawfully forced its employees to work without the benefit of legally mandated conditions. “The company …
According to a new study to be issued by ABSG Consulting Inc. and its subsidiary, EQECAT, Inc., “Japan’s chemical industry surprisingly could suffer financial losses equal to more than two years of pre-tax earnings, while the precision machinery and petroleum …
No one argues the need to revamp the regulatory structure of the insurance industry, but just how to reform regulation remains the big question for legislators considering the issue. Some in the insurance industry support further reform to the current …
Wind-driven wildfires that torched Southern California have charred fruit orchards, wilted flowers and littered the ground with avocados, delivering a devastating blow to area farmers already reeling from a deep winter freeze and the long drought that followed. The final …
A declaratory judgment action is essentially a request — typically by the insurer but often by the insured — that a court examine the relevant insurance policy provisions and declare the rights and obligations of the parties under the insurance …
